(UPM, Helsinki, 15 November 2011 at 10.30) – UPM and Telko have signed a distribution agreement for UPM's new composite product UPM ForMi. Telko will sell the natural fibre composite developed by UPM through its global distribution network to the furniture, vehicle and electronics industries and to plastic companies that manufacture consumer products.
"With this agreement we are able to offer our clients a new, interesting product. UPM ForMi is an excellent fit to Telko’s existing product range. In addition, cooperation with UPM opens new possibilities in plastics industry," says Telko’s CEO Kalle Kettunen.
The distribution agreement between UPM and Telko will make UPM ForMi available in the market faster, says Director Stefan Fors, Director, UPM's Advanced Fibre Materials. "Our aim is to develop international business and find new international development partners. Telko provides us with an efficient and extensive distribution network." UPM ForMi is a composite that can be utilised in both industrial and consumer applications. The new composite is manufactured from pulp fibre and pure plastic polymers. UPM ForMi contains 20–60% of fibre depending on the application. The new composite can be coloured and injection moulded in the same way as plastic. Products manufactured from UPM ForMi are consistent in quality, non-toxic and odourless. Telko will sell UPM ForMi in the form of granulates manufactured by UPM in Lahti.
For further information, please contact: Kalle Kettunen, CEO, Telko, tel: +358 9 521 7201 Stefan Fors, Director, New Fibre Materials, UPM, tel: +358 40 5713338
Telko Telko, part of Aspo Group, is a distributor of industrial plastic raw materials and chemicals. Telko has offices in Finland, Sweden, Denmark, Norway, Estonia, Latvia, Lithuania, Poland, Russia, Kazakhstan, Ukraine, Belarus and China. Telko and the other business operations of the conglomerate Aspo Group seek profitable growth especially in the emerging markets. www.telko.com, www.aspo.fi
UPM UPM leads the way in integrating Bio and forest industries into a new, sustainable and innovation-driven future. Our products are made of renewable raw materials and are recyclable. The company’s business is divided into three business areas: Energy and Pulp, Paper and Engineered Materials. UPM employs around 24,500 people and has production facilities in sixteen countries. The company’s annual turnover amounts to more than EUR 10 billion. UPM's shares are listed on the Helsinki Stock Exchange. UPM – The Biofore Company – www.upm.com - www.twitter.com/UPM_News
UPM New Businesses and Development (NBD) is an important part of UPM's reform and Biofore strategy. The objective of NBD is to provide added value to renewable wood raw materials by refining ideas into new products and business ideas. Its key projects include new fibre materials, fibril cellulose and biochemicals. www.upm.com/composites